MARINE RISK ASSESSMENT-THE COMPANY

Code No: 600

Video Running Time: 21 minutes

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MANAGE THE RISK AND REDUCE THE COST

This is aimed primarily at the shore-based management. Risk management covers all areas of a shipping business; operational, financial strategic and commercial. The distinction between hazard and risk is explored and the concept of risk management analysed. An example is used before a precise methodology is put forward. This is a step by step process of identifying the hazards, assessing the risk, exploring the options. Then a cost-benefit analysis of the situation is followed by implementation of the appropriate measures.